Cumulative Return Tables:

Notable Observations and Trends:

It was a bloodbath in global markets to start 2016 with only 2 of the 23 composites registering gains over the last 10 days.

Risk off was in full force as Precious Metals, Bonds and Precious Metals Miners all gained over the last week (not shown) but were top performers over the last 10 days.

There was precious little diversification offered across the composites during this selloff. Looking at the Risk-Adjusted Correlations Heatmap, the intensity of the red and the intensity of the blue suggest a very binary approach by investors. Again, Bonds, Precious Metals and Precious Metals Miners were the only composites providing any diversification benefits.

It's unsurprising that, as market internals have weakened, we would see previous market leading sectors getting hit the hardest as investors lock in gains and reduce risk. (Technology, Healthcare)